Is that going to be under the ticker, "MESM9"? I might run that up on my DOM to see what the volume is going to be like. I remember trading the pit contract SP500 @ $250/pt. The e-mini was a "breath of fresh air" for traders when it came along, but now even it is too big for many players. I think the micro-ES will be a smashing success!!
Trade deal likely reached before Friday. https://www.foxbusiness.com/politics/chinas-100-person-trade-delegation-means-business
There is generally a bullish and bearish interpretation of news. Be aware itcan go up as easily as down and the odds favor..up.
Es -1.80% Market doesn't like that announcement one bit so far. UsdCnh +0.8% HK and China gonna be ugly today
I'm not old enough to recall $500/pt. The new e-micros are what, $5/pt?* Big diff. *Could be thought of as "sucking in the smallest, lowliest, least educated/experienced into the market place.... before the "big smashola". (You know they say.... "won't end until the last $$$ has been sucked into the wrong side".)
Market is open now. Seems some of the players are betting, "it's all fluff and BS... BTFD!!" We'll see.
That's exactly what I was thinking... He wants to play with the fed, he wants a huge sell off so that the fed can come in lower rates and push more quantitative easing....he figures the fed isn't listening so why not play the china tariffs game all over again and cause a nasty selloff to get the fed to listen once again like they did in Dec/Jan when they announced no more rate hikes going into 2019 which caused a stampede back into the markets.